RE:Is Scott CPGs GEs Jeff Immelt?oiltars wrote: Jeff Immelt for yrs run GE into the ground while investors called for him to be replaced.The board of GE took yrs to show Jeff to the door .As the SP of GE collapsed the board got the balls up to fire Jeff as he lost the confidence of investors.
The depressed shares of CPG are sending a message that investors have no confidence in Scott.
Scott could claim depressed oil prices down to $40 for CPGs stock price collapse,but that no longer the case in $66 oil.There is no single person bigger than the company and it shareholders.If Scott cared about his shareholders he would do the right thing like Brian Furguson did at CVE who had the forsight to see himself as a drag on his shareholders wealth so he stepted down.He did the right thing for the good of the company.
CVE shares are rebounding even though WCS oil has the biggest drop in its history of less than $27 brl to WTI.Yet the shares of CVE have staged a rebound. WHY? Because Brian put his shareolders ahead of him self.
CPG shares are falling in a rising oil price off $ 40 to $66.
Scott will you be like Jeff Immelt or Brian Furguson?
My gut tells me that if hes stuck around this long and watched the company nose dive into the abbis and hasn't mentioned anything about stepping down that he has no intentions of it. I think 95% percent of people out there would have a hard time walking away from his multi million dollar salary being paid even though he hasn't done anything uplifting for the company, and has shaken investors. Hell have to be forced out. And imagine what your next career would be after being forced out of a company you had placed in ruins, you might be applying for Tim Hortons drive thrus, His resume wouldn't look very good at this point and Im sure in the back of his mind he really couldn't care less about what happens to CPG, CPG will be around long after he retires, so as long as he can pull his millions out while others suffer than Im sure he's happy. These CEOs generally don't get their positions because they are kind hearted souls, most are ruthless sharks that have 0 conscience.